Blockchain gaming giant – Animoca Brands – revealed around $3.4 billion in assets in an interim financial update that outlined its key unaudited financial positions as of April 30, 2023. The Hong Kong-based company announced that it remains financially strong with a cash and stablecoin balance of $194 million. The financial statement also reported liquid...Read More
According to an undisclosed White House official, North Korea has funded approximately half of its missile tests through crypto theft and cyberattacks. A recent Chainalysis report suggested that North Korean hackers embezzled $1.7 billion of digital assets in 2022. Arguably the most notorious local hacking collective – the Lazarus Group – stood behind numerous exploits...Read More
A new report by global capital markets data platform PitchBook revealed that crypto-focused companies raised $2.6 billion across 353 investment rounds in the first quarter of 2023. The amount raised signaled a 12.2% and 11% decrease in the quarter-on-quarter total number of deals and deal value, respectively. It also represented the fourth consecutive quarter of...Read More
The cryptocurrency space has witnessed the emergence of a new meme coin that’s set to take the world by storm. DigiToads (TOADS) has rapidly gained traction during its ongoing presale, surpassing the demand for popular cryptocurrencies such as Uniswap (UNI) and Aave (AAVE). With an impressive blend of meme coin appeal, P2E gaming, and utility,...Read More
Stock and crypto investing app Robinhood reported $441 million in net revenue in Q1 2023, up 16% from the previous quarter. Its increased numbers, however, did not come from its crypto business – which appears to be trending in the opposite direction. Crypto Down, Interest Up Per the company’s first-quarter results report on Wednesday, Robinhood’s...Read More
When investing in crypto, fundamentals matter, so as bulls charge back into the market, investors are keen on Flow (FLOW) and Tezos (XTZ). These two cryptocurrencies have some of the best fundamentals in the market. However, for the huge returns on investment, investors are increasingly looking further down market cap rankings. That’s because a combination...Read More
The world’s largest crypto trading platform said it will be winding down its Canadian arm two years after being greenlighted to operate in the country. Binance mentioned a recent amendment in the local legislation that affected stablecoin deposits and purchases on exchanges. Binance announced its intentions on Twitter, saying it will “be joining other prominent...Read More
The People’s Court of Ho Chi Minh City reportedly brought to court 16 Vietnamese who might stand behind a $1.5 million crypto robbery and kidnapping. Interestingly, two of the defendants are former police officers. Vietnam is one of the global leaders in terms of cryptocurrency adoption. Despite its rising popularity, the government has not imposed...Read More
